WASHINGTON— Former New York Mayor Michael Bloomberg will not run for president in 2020, announcing that he will instead put his personal resources toward expanding clean energy and combatting gun violence.
In an op-ed, Bloomberg conceded that getting the Democratic nomination presented a major challenge.
“I believe I would defeat Donald Trump in a general election,” Bloomberg wrote. “But I am clear-eyed about the difficulty of winning the Democratic nomination in such a crowded field.”
Bloomberg has been flirting with a presidential run for over a decade, but has never cast his hat into the ring.
Since 2001, he has shifted party registration from Democrat to Republican to Independent and then back to Democrat.
He is the latest Democratic figure to bow out of the 2020 race, joining attorney Michael Avenatti, New York Gov. Andrew Cuomo, Los Angeles Mayor Eric Garcetti, former Attorney General Eric Holder, Sen. Jeff Merkley (D-Ore.), former Massachusetts Gov. Deval Patrick and wealthy climate change activist Tom Steyer.
2016 Democratic nominee Hillary Clinton has maintained that she will not enter the race, but garnered headlines Tuesday after reiterating the previous day that she is not running in 2020.
Candidates seeking the Democratic nomination now stands at 14, with several big names, including former Vice President Joe Biden and former Texas Rep. Beto O’Rourke, remaining on the fence.